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Industrial and Commercial Bank of China releases report praising BTC and ETH, while Bybit sees mixed picture as it prepares to pull out of Chinese market

Amid news that China may allow crypto investments, the Industrial and Commercial Bank of China (ICBC), the world's largest bank by assets and one of China's four largest state-owned banks, recently released a report stating that “Bitcoin has succeeded in maintaining scarcity similar to gold through

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ETH spot ETF issuers have yet to receive feedback on SEC filings

“The U.S. Securities and Exchange Commission (SEC) has reportedly yet to provide feedback on the securities registration statements (S-1s) filed by Ethereum (ETH) spot ETF issuers,” cryptocurrency media outlet The Block reported on May 11, citing two sources familiar with the matter. “A number of ETF issuers are still

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CME Fedwatch: “99.4% chance of a Fed rate hike in June”

According to CME Fedwatch, traders see a 99.4% chance that the U.S. Federal Reserve (Fed) will leave its benchmark interest rate unchanged at the June FOMC meeting. Only 0.6% of traders expect a 25 basis point hike. The US Federal Reserve (Fed) is scheduled to decide on

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Rate cut expectations dampened by strong U.S. jobs report...Bitcoin stays in mid-$69,000s, consolidates for fifth day

As of 8 a.m. on Tuesday, the price of bitcoin was up 0.41% from 24 hours earlier to $69,622, according to cryptocurrency market tracker CoinMarketCap. At the same time, ethereum, the leading altcoin, was trading at $3706, up 0.81% from the previous day, and ripple was

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DWF Labs founder sees altcoin bullishness in months to come

Andrei Grachev, co-founder of crypto market maker DWF Labs, said: “Altcoin dominance is at a level similar to the beginning of 2021 (14.45%), and Google search volume has been declining since March 2024. BTC's stable price is important from a trust perspective, but it can't

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US Stablecoin Regulation Act Likely to be Approved Before Election...Threatening Tether

JPMorgan, one of Wall Street's largest investment banks, said in a report that “of the four cryptocurrency regulatory bills currently under discussion in the U.S. Congress, the Stablecoin Regulatory Act is the most likely to be passed before the November U.S. presidential election.” The Clarity for

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Ethereum ETF, SEC blames issuer for approval to launch product, issuer blames Ethereum Foundation?

U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler told Reuters on Friday (local time) that “the timeline for the launch of an Ethereum spot ETF will depend on the speed of the product applicants. It will be determined by how quickly they respond to regulatory questions and provide